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19 Sep 2011, 2:43 pm
They are usually set 30-45 days from the meeting of creditors date. [read post]
10 Sep 2009, 6:15 am
The common count known as "book account" or "open book account" is based upon the indebtedness shown by a detailed statement kept by the creditor, which constitutes the principal record of one or more transactions between the creditor and the debtor. [read post]
14 Oct 2022, 5:30 pm
A 341 hearing is also called “meeting of creditors,” however, creditors rarely attend. [read post]
12 Jun 2020, 6:00 am
§ 18-703 of the Delaware Limited Liability Company Act offer judgment creditors of LLC members a collection method. [read post]
24 Sep 2014, 4:00 am
That issue is currently on appeal to the 7th Circuit after a federal district court held that the Trust asssets were not available to creditors. [read post]
22 Feb 2013, 8:04 am
Generally, such a situation would be applicable where there is a client who wishes to protect a valuable asset from future unknown creditors, the conveyance to the LLC is not a fraudulent transfer, the desire to obtain creditor protection trumps the loss of any property tax benefit otherwise available to a principal residence, and the client accepts certain complexities that go along with the transaction. [read post]
15 Feb 2023, 5:30 am
Up until when a person files a bankruptcy case, they often continue to attempt to pay their creditors as much as they can. [read post]
24 Apr 2012, 10:26 am
A "credit bid" is when a creditor will bid... [read post]
29 Jan 2014, 3:45 pm
(Part One) Can Creditors Take My Retirement Funds? [read post]
6 Dec 2017, 10:56 am
Unfortunately, under Minnesota state law, creditors can garnish your wages because creditors have the right to seize any available non-exempt property, and that includes a portion of your wages. [read post]
18 Oct 2013, 2:06 pm
In bankruptcy proceedings, creditors often challenge loans that were made to the debtor prior to the petition for bankruptcy and argue that the loans are equity rather than debt. [read post]
22 Sep 2020, 1:39 pm
I mean it is bad enough to have a creditor get a judgment against you but then you have lawyers swooping in to profit off your misery? [read post]
3 Dec 2010, 8:40 am
The legislation specifically excludes from the definition of "creditor" persons who "advance funds" by providing services in advance of receiving payment. [read post]
22 Jul 2014, 5:20 am
The financial creditors argue that the grand bargain is illegally constructed to benefit pensioners and diminish the value of the DIA art. [read post]
16 Nov 2016, 9:00 am
The Bankruptcy Code grants a trustee (or a debtor in possession) certain “avoidance” powers to recover payments to creditors made shortly before a bankruptcy filing where the payment gave the creditor more than other, similarly situated, creditors would receive through the bankruptcy process. [read post]
19 Sep 2018, 1:45 pm
Do all creditors share in the distribution regardless of who they are? [read post]
3 Dec 2010, 8:40 am
The legislation specifically excludes from the definition of "creditor" persons who "advance funds" by providing services in advance of receiving payment. [read post]
26 Oct 2022, 5:30 am
One of the ways a creditor can collect on their judgment is by garnishing the person’s wages. [read post]
16 Nov 2016, 9:00 am
The Bankruptcy Code grants a trustee (or a debtor in possession) certain “avoidance” powers to recover payments to creditors made shortly before a bankruptcy filing where the payment gave the creditor more than other, similarly situated, creditors would receive through the bankruptcy process. [read post]
5 Mar 2010, 2:06 pm
While some believe that the lack of consistency as to creditors' rights coverage throughout the nation was a major force behind these decisions, the reality is that the current recession has put the economy in a tailspin and insurers are paying out huge dollar amounts for creditors' rights claims—mostly involving borrower bankruptcy. [read post]
